Divest Now! An up-to-date list of Elbit’s shareholders

Over the past weeks, Israel has been perpetrating its most deadly aerial assaults on Gaza since 2014. Elbit, Israel’s largest arms company, manufactures a lot of the equipment used in these attacks.

Elbit manufactures the vast majority of drones used in Gaza’s skies. On 28th July 2 people, including a 12 year old boy, were killed by an Israeli drone strike in Gaza City.

Thousands of people attended the funeral of this 12 year old child from Gaza who was killed by an Israeli drone attack. Photo by AFP

Elbit is also preparing to acquire Israeli Military Industries (IMI), which would make them the owner of the sole supplier of small-caliber ammunition to the Israeli army, and responsible for the ongoing massacre of protesters involved in the Great Return March movement against the siege of Gaza.

At the protest on Friday 27th July, Israeli forces killed 2 demonstrators, one adult and one child, and wounded 150 others. Israel has killed over 120 people while demonstrating in Gaza since the beginning of the movement on March 30 2018. The total number of people in Gaza killed by the occupation since March 30th is 162.

Palestinian demonstrators who have been injured at previous protests gather for a photo during the Great Return March. Photo via Great Return March

We are publishing this list of Elbit’s current shareholders (viewed during July 2018), as information for action for activists to use in divestment campaigns. They are displayed in order of the size of their investment.

The chart below shows that the vast majority of Elbit’s investors are companies from Israel and the US. However, there are several European investors. Deutsche Bank from Germany holds the sixth largest investment in Elbit, while Dekabank owns a much smaller number of direct shares in the company. Janus Henderson, a global asset management company headquartered in the City of London owns shares, as well as the Swiss National Bank and MW Group LP from the UK.

Shareholder

Country

Direct ownership %

Total ownership %*

Type of incorporation

Federmann Enterprises Ltd

Israel

45.89

Corporate

FMR LLC via its funds

US

3.17

Mutual and pension fund, nominee, trust, trustee

Psagot Mutual Funds Ltd

Israel

1.30

Mutual and pension fund, nominee, trust, trustee

Vanguard Group Inc via its funds

US

1.29

Corporate

Psagot Provident Funds and Pension Ltd

Israel

1.24

Mutual and pension fund, nominee, trust, trustee

Deutsche Bank AG via its funds

Germany

1.11

Bank

Gilder Gagnon Howe and Co via its funds

US

0.83

Financial Company

Invesco ltd via its funds

US

0.58

Bank

Psagot Exchange Traded Notes Ltd

Israel

0.47

Corporate

Renaissance Technologies Holding Corp via its funds

US

0.44

Corporate

Phoenix Holdings Ltd via its funds

Israel

0.37

Insurance company

Affiliated Managers Group Inc via its funds

US

0.28

Bank

Arrowstreet Capital Holding LLC via its funds

US

0.25

Mutual and pension fund, nominee, trust, trustee

Clal Insurance Enterprises Holdings Ltd via its funds

Israel

0.21

Insurance Company

Schweizerische National Bank via its funds

Switzerland

0.20

Bank

Migdal Insurance and Financial Holdings Ltd via its funds

Israel

0.19

Insurance Company

Meitav Dash Investments Ltd via its funds

Israel

0.18

Financial Company

Aperio Group LLC via its funds

US

0.16

Financial Company

The Bank of New York Mellon Corp via its funds

US

0.13

Bank

Eaton Vance Corp via its funds

US

0.12

Financial Company

Janus Henderson Group Plc via its funds

Britain

0.12

Bank

MW Group LP via its funds

Britain

0.12

Corporate

Schafer Cullen Capital Management Inc via its funds

US

0.12

Mutual and pension fund, nominee, trust, trustee

Goldman Sachs Group Inc via its funds

US

0.10

Bank

Dekabank Deutsche Girozentrale AG via its funds

Germany

0.05

Bank

These figures were taken from Bureau Van Dyck’s Orbis Database, available at several public libraries, including the British Library.